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Ha. I'm sure you're as fed up with EBITDA as I am.
BDC on our brilliant CEO: Why don't you tell us how you really feel?
I'm not sure what kind of progress you think Brian has made other than the progress he's told us he's made (and we all know that can't be relied upon as 'the truth') We sure can't see any progress in the numbers. Numbers don't lie. People do.
thanks 1gw i now have my question for the agm's q&a bit If you the BoD don't believe that the company is significantly undervalued at the current share price then please can they do the decent thing and get a turnaround expert in and sack BM?
Although I considered it as one of a few options, This is the first time I've strongly advocated a stock buyback. If Mgt won't commit to a buyback at 17.5p what chance has this company got? What statement are they giving to us and the market? They must believe the future value of this company (because shares are a purchase of future prospects) is really only worth a paltry $97 million dollars!!! Because that's what we're sat at valuation wise - nearly half our annual revenue! Jeez, if our dim-witted CEO can't see the glaring opportunity to clawback some of the float when the stock is valuing the company at less than a hundred million dollars and he's sat on a cash bundle that he's declared 'wont be spent on anymore acquisitions', then he's more of a dumb ass than I first thought. Yes, we need strategic flexibility, but if he really believes we're going to see growth from here on out, put $10 million down and try and take 40 million shares out of circulation. They'll still be left with $50-60 million to be 'strategically flexible'.
Just seen a pig flying. Big profits for blinky. ****, It just a bad dream. A bloody nightmare.
How funny; I didn't see your post before I posted mine: The use of the saying 'six feet under' (or as you said, "six foot under"...use of the word "foot" in this context must be a Brit thing).
Trader, By "long gone" do you mean "six feet under"? If so I'll concede your point. Money knows he'd never sell any because we're always making good progress, and it's going to show up in the 'near future' (when pigs can fly).
He will be six foot under.
Trader, Where's he going to go? He seems married to this POS stock and POS company. Can we spell unrequited love?
I can not see a decent turnaround happening. Blinkx is supposed to be in a gargantuan and fast growing market but somehow manage to mess almost every aspect of its business while continuing to make not a penny of profit. The so called "inflection point " was nothing other than one of the many lies that Blinkx management have told over the years. They seem to have ruined each and every one of their "well thought out purchases" and you could be forgiven for wondering if the whole Blinkx ecosystem has been one big long con designed purely for the benefit of the Blinkx directors from start to finish. Pensioner will be long gone before this shower make any worthwhile money.
As I have mentioned before..... Blinkx's financial and SP performance seem to directly mirror Nottingham Forest's performance. So you might as well follow my team rather than Quantcast. We lost again on Monday, that's 9 losses out of the last 11 games. We are 17th in the league but with only a tiny chance of relegation. Good news is that we will get a new manager in the summer, we are starting to play well again, should get a couple of signings and next season is a whole new season where we could storm it. So by autumn things could be a lot rosier. Not the most scientific investment strategy but no worse than anything else with Blinkx....
In the past, which is all I have to go by, Quantcast numbers proved meaningless. As in totally. Pensioner should know this. He's been around forever. As have I.
Pensioner167 ... if you would prefer posters to stick to the facts then would it not be better to sight falling turnover, increased losses and continuing cash burn? All of those facts are available in the updates and relate specifically to Blinkx. Instead you focus on Quantcast figures. Can anybody explain how Quantcast figures relate to revenues, operating margins, and profitability? Over the last few months there has been a great deal of optimism expressed by several posters off the back of these numbers ... numbers that, in my view, offer little guidance to the numbers that matter. I'm not an expert (I don't think there is one), but the Blinkx numbers don't seem to correlate with Quantcast were company results are concerned.
Agree rusty - a buyback would be all about the message that it sends that the management believe the company is undervalued at the current share price. So they would have to make sure that they get that message across with the press release accompanying the start of a buyback program. And if they also believe that the company is cash generative going forward then they should also get that message across - perhaps limiting the initial buyback to the anticipated cash generation over the next x months. If they don't believe that the company is significantly undervalued at the current share price then please can they do the decent thing and get a turnaround expert in to replace BM?
I can not see how you can make that statement. Buying back own shares makes a statement of intent. That the company feels they are undervalued. It reduces supply as they are buying which in turn would see price rise. If there are less shares in existence it gives more of the pie to shareholders and in the event of a real return to profit and positive real cash flow and dividends could be paid ( which is a long way off, if ever ) then dividend would be distributed to less shareholders. At every A.G.M they seek authority for buy backs. Get some done now. It might not even need to be a large amount even a "token gesture" would raise credibility. I talked about share buy backs at a higher price. I was wrong. But, if they are not worth it at this price we are doomed. The cash pile is worth nothing if these muppets manage to erode it to nil. If they believe in the business and their ramblings such as "inflection point" in the past are to be believed they need to make some positive moves and statement. With this lot, I do feel we might be waiting a very very long time. As always if they prove me wrong I will be the first to congratulate them. Pensioner you mention all the supposed positives. It has been said on the board that Brian does not speak well. If I had something to bow my trumpet about, and I wasn't good at getting my point over. I would bloody hire someone to do that job. Rant over.
Well said. Not sure why everyone is so upset about the recent update. It's on it's way round. A buy back would simply be pleasing those who are short sighted ie want a quick rise in SP to cut their losses or make a quick profit if they've just bought in.... no benefits in the long run.
Just a quick point about "customer reassurance" most of the ad tech world is snowed under with huge debts but don't seem to have any problem getting customers and growth, blinkx had shed loads of money in the bank but didn't stop almost all of their customer base walking away after Ben's blog and I found it hard to get the customers back regardless of how much money they have in the bank. Not an opinion but a fact Brian said we're not making any more acquisitions so why have so much money in the bank if you're not going to use it i.e. share buyback or even a one-off divvy payment
I would prefer it if posters concentrated on the facts rather than expressing opinions which are neither based on facts nor expertise. If we look at the Quantcast figures then progress is being made. The global views which is probably the most important metric has increased by 50% in the last two weeks. There are undoubtedly several explanations but I would suggest that a lot of the developments are starting to kick in and we can look forward to further growth. I would add that from a customer point of view it is inadvisable to get involved with companies at high risk of insolvency. A cash balance not only provides money for development but also customer reassurance.
I think you're right Alex as they all seem to have went to the Michael Caine School of business and have passed out with top degrees in the self preservation and pass the buck degrees
A buyback makes sense if you believe that the shares are substantially undervalued; many investors thought that was the case at 40p,30p and 20p (myself included). But subsequent results have been poor and as a result Blinkx is valued in line with its results. I also don't believe that the management would countenance a buyback as it would reduce the cash on hand and mean that their time to deliver is shortened. Being cynical, as salary takers it's not in their interests to do so. I don't believe they are crooks like Globo, etc but they do appear to be 'self interested'.
The thing is I've been screaming like most here for a share buyback over the last few years and it seems the company with its insider knowledge as been correct in not doing a share buyback as the SP as continued to fall after each trading update and the company and us as shareholders would have lost quite a bit of money. Now that we are sitting at 18p-ish and brokers are expecting as to return to profit sooner rather than later or at least be trading at breakeven it seems now probably is the right time for a share buyback if BM believes in what is telling everyone as not doing so only gives ammunition to shorter's and pessimists that the worst isn't over and they're still more bad news to come. As for BM I like you voted for him to be outed at the last AGM and told him to his face and now I would still probably vote him out but can see that he has turn blinkx into a new company almost and things looked like they could be about to turn a round for him but it still at a snails pace and seems that there is no urgency apart from the board selling their share options to cover tax liabilities
Ditto here. I voted against BMs reappointment last year and n favour of buyback. Will do the same this year, and emplore other holders to do the same. Ive never held a stock in 25 years where a (as of today) failing CEO kept his cushy role this long without any evidence of turnaround. 2 years is more than enough time. He's failed, enough said. Fresh talent needed.. A captain who actually can help sell our platform and effctively communicate to earn the respect of the City. I'm waitng fr the agm agenda, and assuming he is up for reelection at that time, i'll post a reminder that we need to put our votes to use. 18-19% voted against last year from memory.. Hoping we can get >40% this year
Ranked back at 12 again!
Not sure if this is relevant here. http://www.zerohedge.com/news/2016-04-13/faceplant-social-network-stock-slumps-ad-spend-plunge-chatter